FTSE BM KLCI Dived as Russian Launched Invasion

Kuala Lumpur, Feb 24 – Malaysian shares inched lower on Thursday with concerns of invasion of Ukraine. All Asian equity markets tumbled down with heavy bleeding on Thursday as the news of invasion of Ukraine broke, sending oil prices soaring, breaches $100. Price of gold, however, the safe bet amongst investor during crisis, hit the highest since Jan. 2021.

** Bursa Malaysia ended lower on Thursday, the FTSE BM KLCI shed 12.25 points or –0.77% to 1,573.89.

** The FTSE BM KLCI opened at 1,585.56. The index fluctuated between 1,565.24 – 1,586.07.

** 256 counters are gainers, 295 counters are unchanged, while 960 counters are losers.

** Total volume of 5,512,127,600 shares changed hands; while Turnover of RM4,123,531,209.

** The Top 5 Gainers : GENP (8.93, +0.53) ; PMBTECH-WA (16.68, +0.46) ; SP500-HZ (1.54, +0.37) ; HENGYUAN (4.56, +0.34) ; PMBTECH (20.04, +0.34)

** The Top 5 Losers : NESTLE (134.00, -1.50); MPI (35.10, -1.20) ; FANG-2XL (10.16, -1.08) ; AEONCR (14.18, -0.60) ; COMPLET (3.42, -0.43)

** The Top 5 Most Active Stocks : HIBISCS (1.26, +0.07); DNEX (1.14, -0.07);  AT (0.02, -0.005); XOX (0.02, -0.005); ARMADA (0.52, +0.015)

** Key regional markets were ended in positive territories.

** Singapore’s Straits Times Index (STI) declined 116.94 or -3.45% to 3,276.06 ; Hong Kong’s Hang Seng Index shed 758.72 points or -3.21% at 22,901.56;  Japan’s Nikkei 225 dropped 478.79 or -1.81% at 25,970.82; and Korea’s KOSPI down 70.32 points or -2.6% to 2,648.80;  Shanghai’s SSE Composite Index dropped 59.19 points or -1.70% to 3,429.96.

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